Global Commercial Vehicle Harness Market Size, Share, and Trends Analysis Report, By Type (Wire to Wire Connector and Wire to Board Connector) and By Application (Buses, Trucks, and Others), Forecast (2022-2028)

The commercial vehicle harness market is anticipated to grow at a significant CAGR of 4.0% during the forecast period (2022-2028). Signals and power are routed between various components of a car or vehicle using a commercial vehicle harness. Wires, cables, connectors, PCBs (Printed Circuit Boards), terminal blocks, fuse holders, and other components make up this system. It is a collection of wires used to link various components in an electric circuit. It is the collection of wires and electrical connections that allows a vehicle’s battery pack to power numerous devices inside and outside the vehicle, such as headlights, sound systems, and air conditioning. It is a piece of equipment that distributes electrical wire throughout a commercial vehicle. Growing demand for electric vehicles in emerging countries, stringent vehicle emission regulations across major economies, and OEMs’ increased attention to safety standards are the primary factors driving the market growth.

The global commercial vehicle harness market is segmented based on the type and application. Based on the type, the market is sub-segmented into the wire-to-wire connector and wire-to-board connector. Based on the application, the market is sub-segmented into buses, trucks, and others. Among these applications, the buses segment is expected to propel the growth of the market. Due to its heavy-duty applications, the commercial vehicle harness is widely used in buses. These harnesses are mostly used to connect the bus’s power distribution system, which includes auxiliary batteries and/or alternators, ignition switch wires, and so on.

The market players are also contributing significantly to the market growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in January 2020, Optronics International completed the acquisition of USA Harness, Inc., situated in Texas. With its proprietary USA-PLUS Modular Connection System and USA-PLUS Sealed Modular Wiring Harness System, USA Harness services the global transportation sector. The USA-PLUS Modular Connection System has been tested and confirmed to function three times better than the industry standard, due to its unique O-ring-style seal and secondary lock pin design. Optronics is now one of just a few manufacturers capable of providing both lighting and harness technologies to the light-, medium-, and heavy-duty commercial vehicle market. Increased competition and a wider range of innovative, integrated, modular power supply and lighting systems will help the sector.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Yazaki Corp., Sumitomo Wiring Systems Ltd., Delphi Technologies, Leoni AG, Lear Corp., Mando Corp., and Tenneco Inc., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Commercial Vehicle Harness Market Report by Segment

By Type

• Wire-to-Wire Connector
• Wire-to-Board Connector

By Application

• Buses
• Trucks
• Others